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instead of raising taxes the house republican plan includes pro-growth, comprehensive tax reform, tax reform is critical to increasing u.s. competitiveness abroad as well as attracting business here at home. it will close loopholes and special interest deductions and credits for personal and corporate income taxes and lower the rates for everyone. i am pleased house republicans are the only people in this town with the courage to balance the budget. it's time to return the economy to an engine of growth and job creation and increased opportunities for all hardworking americans. this is what the house republican budget will achieve and this is what americans deserve. i yield back. the chair: the gentlelady yields back the balance of her time. the gentleman from maryland. mr. van hollen: thank you, mr. chairman. the way to save medicare is to bring down costs overall in the health care system, not give seniors a voucher that puts all the risk on the senior which is what the republican approach does. i now yield one minute to the gentleman from california, the distinguished ranking membe
instead of raising taxes the house republican plan includes pro-growth, comprehensive tax reform, tax reform is critical to increasing u.s. competitiveness abroad as well as attracting business here at home. it will close loopholes and special interest deductions and credits for personal and corporate income taxes and lower the rates for everyone. i am pleased house republicans are the only people in this town with the courage to balance the budget. it's time to return the economy to an engine...
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it said as part of tax reform don't raise taxes on middle income people to finance your tax breaks for folks at the very top. every republican voted no. so, yes, this plan that the gentleman has brought forward today, apparently under sort of a mock bipartisanship, will reduce the deficit in a balanced way. calls for a shared responsibility. and certainly does not give folks at the very top a tax break financed by middle income taxpayers like the republican proposal does. i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. the gentleman from south carolina. mr. mulvaney: i'd like to yield two minutes to the gentleman from california, mr. campbell. the chair: the gentleman from california is recognized for two minutes. mr. campbell: thank you. i thank the gentleman from south carolina. thank you, mr. chairman. sometimes, mr. chairman, you live in a neighborhood, you look down the street, and there is a neighbor there. and they got new cars and they are remodeling the kitchen and they take a lot of expensive vacations. you look down the street and
it said as part of tax reform don't raise taxes on middle income people to finance your tax breaks for folks at the very top. every republican voted no. so, yes, this plan that the gentleman has brought forward today, apparently under sort of a mock bipartisanship, will reduce the deficit in a balanced way. calls for a shared responsibility. and certainly does not give folks at the very top a tax break financed by middle income taxpayers like the republican proposal does. i reserve the balance...
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from low income to the high tax brackets, everyone is benefiting. the future's bright but only if we educate the half truths and begin telling the real story of america's natural gas revolution. the stories about technology, private sector innovation, investment, financial risk, thousands of new jobs, new competition, new growth, a growing and better standard of living for more americans, lower energy costs, new industries, a revitalized energy sector, more jobs, more growth, energy security and optimism. this is the story of america's natural gas revolution. i yield back. the speaker pro tempore: the entleman's time has expired. for what purpose does the gentlelady from illinois seek recognition? >> i ask unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, the gentlelady is recognized for ne minute. >> mr. speaker, the ryan budget once again places the burden of deficit reduction on working americans while failing to stop the frivolous spending of oil subsidies for c
from low income to the high tax brackets, everyone is benefiting. the future's bright but only if we educate the half truths and begin telling the real story of america's natural gas revolution. the stories about technology, private sector innovation, investment, financial risk, thousands of new jobs, new competition, new growth, a growing and better standard of living for more americans, lower energy costs, new industries, a revitalized energy sector, more jobs, more growth, energy security...
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these are all legitimate talk -- topics, taxes, spending, appropriation. what what do we want to spend our money on? my wife and i do this all the time. are we going to spend money to take this kid here or to get this car replaced? we have to do that from the country's perspective. we look for it in the military. one thing i'm concerned about ash we hear a lot of discussion on the use of drones -- one thing i'm concerned about -- we hear a lot of discussion about the use of drones. the bottom line is that all of these mechanical, all of the technology is great, but there are still men and women who have to run them. they still have to be on the front lines. at some point in time, there will be more boots on the ground somewhere, just as there are right now. host: should that happen in syria? boots on the ground? guest: i'm very concerned about what is happening, especially concerning reports of chemical weapons. will have to do more than just take this cursory look at it. i'm very concerned about foreign policy that says we will dabble here and dabble ther
these are all legitimate talk -- topics, taxes, spending, appropriation. what what do we want to spend our money on? my wife and i do this all the time. are we going to spend money to take this kid here or to get this car replaced? we have to do that from the country's perspective. we look for it in the military. one thing i'm concerned about ash we hear a lot of discussion on the use of drones -- one thing i'm concerned about -- we hear a lot of discussion about the use of drones. the bottom...
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under this government the tax rates are more competitive and the wealthy pay more tax. that's the right way around. here is an inconvenient truth for the other side. in every year of this parliament, the rich will pay a greater proportion of income tax revenue than any one of the thirty years of the last labour government. and during those years, too many people were allowed to get away with aggressive tax avoidance of abuse, they bogsed they were paying less tax and the member opposite applauded them for it. we stopped that. that's what i call fair. today i'm unveiling one of the largest ever package of avoidance measures presented in a budget, details set out including agreemented with isle to bring in over a billion pounds of unpaid taxes. new rules to stop abuse of corporate tax, and offshore employment. that's another 2 billion pounds. this year we're giving britain the first ever generally abuse rule and we will name and shame promoters of tax avoidance scheme. my message to make a living telling others to avoid the taxes, this government is not going let you get
under this government the tax rates are more competitive and the wealthy pay more tax. that's the right way around. here is an inconvenient truth for the other side. in every year of this parliament, the rich will pay a greater proportion of income tax revenue than any one of the thirty years of the last labour government. and during those years, too many people were allowed to get away with aggressive tax avoidance of abuse, they bogsed they were paying less tax and the member opposite...
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this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as well. neil: craig, this is a concern. if others get a cue from this watch out. >> california is a trendsetter. as a small business owner, my other friends who are small business oers we've been hit with 5 to over 100,000-dollars in fourth quarter of last year in retro active tax, that is job, and investment money and a downer on christmas. now a new one that bureaucrats at franchise tax board are making a decision, it is politicians that are out of control, california is worst with highest tax state, the highest sales tax s
this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as...
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on money had already been taxes tax on and fourteen percent thirty five percent already been taxed and he's already said his secretary was paid with money that had never been taxed before i think i think his secretaries pay what the profits corporation and that corporation got their money from or that corporation to get that money from investment you're absolutely right from somebody else who had been double taxing people and we got no way that it went to the central issue either you are you trying to tell me that i did it but it's of the central issue of which is that if we did it i'm paying somebody that if i've paid taxes on that money they shouldn't have to pay taxes that really try to tell me no not and not at all then why are you making the argument that romney should only pay fourteen percent income tax because somebody else paid taxes on that money because his income has already been taxed there's no need to tell him i is homes are already being taxed and i believe this isn't rational and candy bars and i say you can't tax that if you want to look at the central issue of minimu
on money had already been taxes tax on and fourteen percent thirty five percent already been taxed and he's already said his secretary was paid with money that had never been taxed before i think i think his secretaries pay what the profits corporation and that corporation got their money from or that corporation to get that money from investment you're absolutely right from somebody else who had been double taxing people and we got no way that it went to the central issue either you are you...
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it's the right thing to do. >> neil: we raised taxes. >> i didn't say raise taxes, i said close loopholes. republicans call closing loopholes raising taxes because it's the rich that have unfair practice. >> neil: have you filled out your brackets? yes or no. have you filled out your brackets? >> no, i haven't done that. i'm going to leave that to the president. he may be late on that too. >> neil: i'm sorry. thank you very much. >> thank you, neil. >> neil: do you remember this? an interview i said senator paul and senator cruz were whacko birds. that's inappropriate and i apologize to them for saying that. >> neil: after that, senator cruz accepted that apology. is senator rand paul about to do the same? and as nevada mourns the death of seven marines, did their senator blame the sequester? meet the military commander telling harry to say i'm sorry. [ male announcer ] it's relobster's lobsterfest our largest selection of lobster erees, like lobster lover's dream or new grilledobster and lobster tacos. come in now and sea food differently. visit redlobster.com now for an exclusive $10 co
it's the right thing to do. >> neil: we raised taxes. >> i didn't say raise taxes, i said close loopholes. republicans call closing loopholes raising taxes because it's the rich that have unfair practice. >> neil: have you filled out your brackets? yes or no. have you filled out your brackets? >> no, i haven't done that. i'm going to leave that to the president. he may be late on that too. >> neil: i'm sorry. thank you very much. >> thank you, neil. >>...
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edge of bankruptcy after because see it rejects a european and that often spiked by an unprecedented tax on savers to put the latest. like a bull in a china shop but so russian president dmitri medvedev destroyed the bailout tax i think that the plan was nothing less than the soviet expropriation of property. russia the e.u. and human rights officials sound the alarm over the treatment of prisoners in guantanamo bay u.s. military officials try to downplay a mass hunger strike in the detention center. and barack obama arrives in israel for the first time as u.s. president but may struggle to close the growing gap between the country's middle east policy it's. very good even if you just joined us is kevin over here live the r.t. new center tonight our top story the scenes overleaf and celebration greeted the cypriot parliament's rejection of that tax on bank deposits the one off levy linked to an e.u. bailout deal would have seen millions of account holders lose up to a tenth of the savings had been condemned by officials in the public alike but the country of course now finds itself on th
edge of bankruptcy after because see it rejects a european and that often spiked by an unprecedented tax on savers to put the latest. like a bull in a china shop but so russian president dmitri medvedev destroyed the bailout tax i think that the plan was nothing less than the soviet expropriation of property. russia the e.u. and human rights officials sound the alarm over the treatment of prisoners in guantanamo bay u.s. military officials try to downplay a mass hunger strike in the detention...
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right now since it's just rejected the bailout plan by brussels and the troika off to investors to tax private bank accounts in cyprus and frankly there aren't that many places to turn to right now for assistance to the cypriot finance minister is in moscow he's met with his russian counterpart and he's said that he's satisfied with the goal seasons but at the same time added that you know official offer has been made so far although there is speculation that cyprus is going to ask russia for a loan but we do know that the country already holds moscow two and a half billion year old this is for another loan which was given to the currency back in two thousand and eleven back then it exceeded ten percent of its g.d.p. and to help its economy stay afloat with the big question now is is cyprus going for broke is it going to ask russia for a complete bailout package but the big picture is angle and merkel is completely furious with cyprus even talking to moscow about this even though it's widely acknowledged that up to thirty percent of deposits on the site side had bank accounts belong to
right now since it's just rejected the bailout plan by brussels and the troika off to investors to tax private bank accounts in cyprus and frankly there aren't that many places to turn to right now for assistance to the cypriot finance minister is in moscow he's met with his russian counterpart and he's said that he's satisfied with the goal seasons but at the same time added that you know official offer has been made so far although there is speculation that cyprus is going to ask russia for a...
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the tax rate if you go up to more than 100,000 you're opens and tax rates according to the imf calculations 15.7%. remember it's not just russians, it's also businesses in cyprus. they have to make payroll, how are they going to do that if you suddenly impose this levee on them. the only parallels, the ready parallels are extreme circumstances in places like argentina for example when they froze accountants, when they broke the tag against the dollar in the 2000s. >> rose: how is the overall condition in europe, how would you describe it. >> at the moment in europe at the micro economic level we have a two-tiered europe. germany is doing very well and everybody else is struggling along. now things are much better than they used to be when the bond deals of spain and italy were much higher than they are now. because the markets are relatively relax. they trust the european central bank to do as they put it whatever it takes to save the euro. now the risk or the collapse of the euro has receded. that doesn't mean europe isn't in good condition. we are looking at two or more years of recession
the tax rate if you go up to more than 100,000 you're opens and tax rates according to the imf calculations 15.7%. remember it's not just russians, it's also businesses in cyprus. they have to make payroll, how are they going to do that if you suddenly impose this levee on them. the only parallels, the ready parallels are extreme circumstances in places like argentina for example when they froze accountants, when they broke the tag against the dollar in the 2000s. >> rose: how is the...
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very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site that finance minister has been in the russian capital the entire day he's met with his russian counterpart and with the first deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that he was satisfied with the negotiations but no official offer has been made so far although he himself said he's not leaving moscow until an agreement is reached all of this is happening. while anger and anger a miracle being furious over cyprus talking to moscow about this all together since earlier she strongly advised the country not to even discuss the issue with anybody else but brussels or the troika and actually we know that the president personally told what he will put in about his country's problems decision to reject the european union's proposal and we also already know that cyprus alre
very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site that finance minister has been in the russian capital the entire day he's met with his russian counterpart and with the first deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that...
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all of this tax increase is thanks to 21 tax increases contained in obamacare. my guess is the majority doesn't want to take on that group. so number 2 -- that's tax-deferred retirement savings vehicles. it's defined benefit plans and section 401(k)-type plans. to be sure, some hiring-income taxpayers benefit. defined benefit plans tend to dominate in the unionized world. section 401(k)-type plans are more common now. some high-income taxpayers do benefit because they are owners of a business, and we want them to set up and maintain their plans. about 4% of this tax expenditures goes to taxpayers at $1 million or more income. number 3 on the list there, it's the preferential rate for capital gains and dividends. it is true that higher-income taxpayers tend to have more capital gains but a few montes ago, the rate rose 50%. do we want to choke off more savings and investment? number 4 -- that's the deduction for state and local income and real property taxes. "the new york times" editorial page is usually very in tune with the majority. an editorial december 6, 2
all of this tax increase is thanks to 21 tax increases contained in obamacare. my guess is the majority doesn't want to take on that group. so number 2 -- that's tax-deferred retirement savings vehicles. it's defined benefit plans and section 401(k)-type plans. to be sure, some hiring-income taxpayers benefit. defined benefit plans tend to dominate in the unionized world. section 401(k)-type plans are more common now. some high-income taxpayers do benefit because they are owners of a business,...
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russians using cyprus as a legal tax haven and most importantly can europeans trust their banks any more. do cross talk three for cyprus financial crisis i'm joined by michael burke in london he is an economic consultant in a former senior international economist with citi bank and in washington we cross the shares are grim and she is a professor of international finance and director of the european union research center a george washington university all right crosstalk rules in fact that means you can jump in anytime you want when you go to washington first you said this is moral hazard this is what's going on in cyprus right now can you explain that please sure sure the you know this is unprecedented what is happening right now in a financial crisis the one the one entity you protect are always a small savers and they're getting hit this time so most the small savers will be hit by a six point seven five percent tax and exchange they'll be given shares of that very bank and if that's not more how is it i don't know what is so you have to give money to a bank that sixty already kn
russians using cyprus as a legal tax haven and most importantly can europeans trust their banks any more. do cross talk three for cyprus financial crisis i'm joined by michael burke in london he is an economic consultant in a former senior international economist with citi bank and in washington we cross the shares are grim and she is a professor of international finance and director of the european union research center a george washington university all right crosstalk rules in fact that...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ melissa: so we heard the "money" power panel. want to bring in somebody who knows a thing to about big business in this economy. the ceo of landreau stock company that includes the dining entertainment, gaming, and hospitality sectors. he is an industry titan, and he is here with me now. great to have you back on the show. you are reopening one of your restaurants. you are clearly expanding. you must have some confidence and was going on. >> we continne to grow. gaming, hospitality, restaurants . i do have confidence in our great american capitalism economy. at the same time, it is not backward was a few years ago. we live in a great economy. as you can see, restaurants are busy, h
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ melissa: so we heard the "money" power panel. want to bring in somebody who knows a thing to about big business in this economy. the ceo of landreau...
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worldwide the parliament in cyprus rejects a plan to tax its bank depositors. the euro falls to its lowest level since november. >>> ben bernanke and the fed get down to business. what should we expect after its two-day meeting ends tomorrow? we'll ask former federal reserve governor randy crosser in. >> and what does the ceo of one of the world's iconic brands think of the economy and the american consumer? susie sits down with the top man at coca-cola. all that and more coming up right now on "nbr." good evening and welcome to our public television viewers. susie, once again, little cyprus making big economic noise today. >> you're right, tyler. actually a big win for citizens in cyprus. lawmakers rejected today an unpopular and unprecedented proposal to tax bank deposits. it was part of a larger eurozone bailout plan to rescue those banks and keep the nation solvent. the crucial vote came after a wave of protests, and as cypr t cypriots scrambled to withdraw cash from their atms. bertha coombs joins us with more on today's historic vote and what's ahead for
worldwide the parliament in cyprus rejects a plan to tax its bank depositors. the euro falls to its lowest level since november. >>> ben bernanke and the fed get down to business. what should we expect after its two-day meeting ends tomorrow? we'll ask former federal reserve governor randy crosser in. >> and what does the ceo of one of the world's iconic brands think of the economy and the american consumer? susie sits down with the top man at coca-cola. all that and more coming...
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life the art scene you center at night cypress says no to any bailout that would have meant to harsh tax old savers and pins its soap instead of striking a deal with russia we'll bring you up to speed on the latest. russian the un human rights officials sound the alarm over the treatment of prisoners at guantanamo bay as u.s. military officials try to downplay mass hunger strike at the detention center. barack obama arrives in israel for the first time as u.s. president but may struggle to close the growing gap between the country's middle east policies. and an iraqi terrorist group with links to al qaeda claims responsibility for bombings that killed dozens in baghdad further unsettle the country ten years on from the u.s. led invasion. all over again even she if you're just joining us my name is kevin and this is art international live from moscow our top story that you just heard scenes of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have seen millions of account holders lose up to a t
life the art scene you center at night cypress says no to any bailout that would have meant to harsh tax old savers and pins its soap instead of striking a deal with russia we'll bring you up to speed on the latest. russian the un human rights officials sound the alarm over the treatment of prisoners at guantanamo bay as u.s. military officials try to downplay mass hunger strike at the detention center. barack obama arrives in israel for the first time as u.s. president but may struggle to...
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solve the financial crisis of cyprus it is really a big question here so the controversial deposit tax has been rejected by cyprus but has crossed the red line in proposing the idea that is the view of nigel ferrars a u.k. independence party things brussels has sent a strong signal to the people of europe. even in my diaries predictions in this parliament over the years about the way the e.u. bosses were behaving never did i think they would in a completely unprecedented manner resort to stealing money from people's bank accounts and the message that sends to people who got savings in banks in most countries certainly if i was there is get your money out while you can do not invest anywhere in the euro zone you've got to be mad to do so because it's now run by people who don't respect democracy who don't respect the rule of law who don't respect the basic principles upon which western civilization is supposed to be based by our propping up a euro zone which in the end is going to collapse in disastrous failure are they are prepared to do anything to do so i think that this decision thi
solve the financial crisis of cyprus it is really a big question here so the controversial deposit tax has been rejected by cyprus but has crossed the red line in proposing the idea that is the view of nigel ferrars a u.k. independence party things brussels has sent a strong signal to the people of europe. even in my diaries predictions in this parliament over the years about the way the e.u. bosses were behaving never did i think they would in a completely unprecedented manner resort to...
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it does tax reform. it's got a tax reform, revenue-neutral tax reform. but you still consider it a serious document. >> i consider it an absolutely serious document, because it's very honest about what it does. it says these are the numbers and these are the policies that prove those number. >> i would be happy if patty muralies has the same bottom-line numbers if she was transparent how she got there. there's so many gimmicks as a former cbo guy, it makes me cringe. i respect people like the progressive budget. if you want to spend more, i think you're in wrong, but be honest about it. >> paul ryan's budget doesn't really get to the detail of how he would make his cuts. >> and it's full of gimmickry. >> paul ryan's budget does more from a budget point of view than is necessary. he describes the policies that are in there. it's a fair defense on both sides that these are budget documents, and god forgive the budget community do what the ways and means committee -- we don't need that food fight. i get that. they've laid out three times in the house what t
it does tax reform. it's got a tax reform, revenue-neutral tax reform. but you still consider it a serious document. >> i consider it an absolutely serious document, because it's very honest about what it does. it says these are the numbers and these are the policies that prove those number. >> i would be happy if patty muralies has the same bottom-line numbers if she was transparent how she got there. there's so many gimmicks as a former cbo guy, it makes me cringe. i respect...
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and they did have lower corporate tax rates. so there are legitimate reasons to put your money here. but, also, previous governments than the current one, they wanted to be a international financial center. th worked very hard to attract capital from all over the world. it is the business model of this country. but it's not going to be very for long. they just can't do it anymore. >>> one statistic to leave you with. the banking system is so much larger here in cyprus, if we wanted to have one in the united states that was as large equivalent to our economy, we would need 45 more jpmorgans. that's how much bigger we would have to get to match the size that they've done here relative to the size of this place. >> thank you very much. >>> well, a big bipartisan vote at the capital, the senate overwhelmingly passed a massive stop-gap spending bill that will keep washington up and running through the end of september. it leaves federal spending cuts in place. but that could mean job furloughs for hundreds of thousands of federal wor
and they did have lower corporate tax rates. so there are legitimate reasons to put your money here. but, also, previous governments than the current one, they wanted to be a international financial center. th worked very hard to attract capital from all over the world. it is the business model of this country. but it's not going to be very for long. they just can't do it anymore. >>> one statistic to leave you with. the banking system is so much larger here in cyprus, if we wanted to...
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he despite the taxes. the economies in europe, particularly we're talking now about spain and italy, have been beaten down by the austerity programs. we, but we see them coming back slowly but surely in the second half. and fourt fourth and, the -- 2014 and equity markets tend to look ahead six months or so for those developments. david: let's hope it happens. bill, great to see you. thank you very much have. appreciate you coming in. >> okay. lauren: budget proposals everywhere but no deal in sight as the clock continues to tick. congress has one week left to come to a compromise and avert a government shutdown. we're live on capitol hill with the very latest. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz aler for exceptional offers through mercedes-benz financial services. lauren: the h
he despite the taxes. the economies in europe, particularly we're talking now about spain and italy, have been beaten down by the austerity programs. we, but we see them coming back slowly but surely in the second half. and fourt fourth and, the -- 2014 and equity markets tend to look ahead six months or so for those developments. david: let's hope it happens. bill, great to see you. thank you very much have. appreciate you coming in. >> okay. lauren: budget proposals everywhere but no...
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you don't know and you shouldn't know because it was about taxes. >> of course it was about taxes. unregulated capitalism. >> bill: unbelievable the correlations between what was happening in galilee and what the romans were doing to the jews back when jesus was walking around and what's happening now. i'm just going to give you a heads up. that this is coming. and the taxation was so onerous on the folks. for a totally different reason, i will concede. that the romans were venal. >> thank you. >> bill: they wanted this money to build their terms and to live a crazy lifestyle. but it was philosophically the same kind of government intrusion that we the people of america have no right to private property. and that's what castro does. chavez does. and that's where these congressional caucus people are headed. >> do you read the fox news version of the bible? come on, man. jesus turned over tables in the temple. he was worried about profit making. excessive wealth gathering. >> bill: i will deal with that hill, you know what you? are not accurate in what you just said. i'm not going t
you don't know and you shouldn't know because it was about taxes. >> of course it was about taxes. unregulated capitalism. >> bill: unbelievable the correlations between what was happening in galilee and what the romans were doing to the jews back when jesus was walking around and what's happening now. i'm just going to give you a heads up. that this is coming. and the taxation was so onerous on the folks. for a totally different reason, i will concede. that the romans were venal....
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taxes every year. nearly 30 million middle income americans would lose their health insurance because of the repeal of the affordable care act and tens of millions of the would lose coverage because of ryan's plan to gut medicaid. we can do better. it would destroy the commitment we made to our nation's seniors, by turning medicare into a voucher program. it would shift the rising cost of health care onto those very american who was already suffered deep financial shocks in the recent fiscal crisis. many of them have lost their homes, lost their health insurance, lost their jobs, lost equity in their homes, lost their savings, and yet we want the ryan -- and yet the ryan budget would break another promise to them. in a profoundly cynical mood the ryan budget would revoke those provisions of the affordable care act that would expand access to care while keeping in place the revenue generated by the act. the ryan budget also guts investments in science. job tructure and all the growth as well as the futu
taxes every year. nearly 30 million middle income americans would lose their health insurance because of the repeal of the affordable care act and tens of millions of the would lose coverage because of ryan's plan to gut medicaid. we can do better. it would destroy the commitment we made to our nation's seniors, by turning medicare into a voucher program. it would shift the rising cost of health care onto those very american who was already suffered deep financial shocks in the recent fiscal...
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Mar 20, 2013
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." >> lawmakers in cyprus overwhelmingly reject a tax on savings. >> in syria, the government and rebels trade accusations of using chemical weapons in a village near aleppo. >> pope francis officially begins his papacy in rome with a promise to embrace the whole of humanity. >> in a vote expected to have wide ranging consequences, lawmakers in cyprus have delivered a decisive and overwhelming note to a government tax to lead the bank accounts. >> that means government cash for pensions, welfare, and health care could dry up as early as may. parliament voted less than an hour ago, following to be would days of high drama, handing the government and brussels a resounding defeat with no delegates voting in favor of the plan. 36 no votes and 19 abstentions. >> the house speaker had urged mp's to say no to blackmail in the vote on the bureau's own bailout package. his words clearly catching the angry mood in the chambers and on the streets. outside the parliament building, angry crowds also called for a no vote and held up signs, warning that other nations like italy and spain could be next
." >> lawmakers in cyprus overwhelmingly reject a tax on savings. >> in syria, the government and rebels trade accusations of using chemical weapons in a village near aleppo. >> pope francis officially begins his papacy in rome with a promise to embrace the whole of humanity. >> in a vote expected to have wide ranging consequences, lawmakers in cyprus have delivered a decisive and overwhelming note to a government tax to lead the bank accounts. >> that means...
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Mar 20, 2013
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it's a plan for tax reform. it's a plan to open up our energy stores that we have here so we can be energy independent. we have vast amounts of energy reserves we need to tap so we can put people to work, bring down gas prices, stretch paychecks further. we've got to control our spending appetite. we've got to reform programs like medicare so they're solvent. we've got to reform our safety net so it works to get people on their feet. that's what this budget does. in a nutshell, instead of spending $46 trillion over the next 10 years, as we're currently poised to spend, we spend $41 trillion. instead of growing spending 5% a year we grow at 3.4% a year. with all the predictions of doom and gloom and how evil and terrible and horrible or budget is, it increases spending every year by 3.4% a year instead of 5% a year. the difference is we balance the budget. the difference is we let families keep more of their own take-home pay. the difference is we make sure our kids inherit a debt-free future. the difference is w
it's a plan for tax reform. it's a plan to open up our energy stores that we have here so we can be energy independent. we have vast amounts of energy reserves we need to tap so we can put people to work, bring down gas prices, stretch paychecks further. we've got to control our spending appetite. we've got to reform programs like medicare so they're solvent. we've got to reform our safety net so it works to get people on their feet. that's what this budget does. in a nutshell, instead of...
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Mar 20, 2013
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. >> reporter: jeff gay marriage relative la introduced two bills to give tax incentives to manufacturers to stay in california. it would be $94 million over the next couple of years. >> primarily in the commercial nonmilitary operation. >> reporter: there was a hearing today about the law requiring the faa to select six areas in the country where they can be tested. >> the whole idea behind the legislation is to figure outweighs to safely integrate into the air space. >> reporter: two places in california are fighting to be the home base. it could mean many jobs. >> i think over the next few years you'll see more use of unmanned air craft in all different kinds of aspects of life. >> reporter: the faa will select the areas of the country that can test the drones. one purpose of the hearing was to get government leaders more involved in fighting for this contract. >>> california high speed rail authority have given up on building their own tracks. they voted to use the bullet tracks. they voted on spending money to improve the tracks. the the -- >>> police in free month say a thief manage
. >> reporter: jeff gay marriage relative la introduced two bills to give tax incentives to manufacturers to stay in california. it would be $94 million over the next couple of years. >> primarily in the commercial nonmilitary operation. >> reporter: there was a hearing today about the law requiring the faa to select six areas in the country where they can be tested. >> the whole idea behind the legislation is to figure outweighs to safely integrate into the air space....
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Mar 20, 2013
03/13
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we could end the sequester today by adopting cuts but in the tax codes, the tax breaks, the tax credits that are loaded up in the tax code that go mostly to the wealthiest americans. you are talking about getting rid of the tax benefits or loophole? >> that's exactly right. >> give me an example of this. is there enough money there? >> absolutely enough money to over $1.2 trillion over 10 years. we could get it, for example, from the corporate deferral on-shore profit did companies that make their profit did overseas, did he ever their payments, sometimes never pay them, and >> bill: that just encourages people to move their money or jobs offshore? >> it's an incentive. >> why should we be rewarding them for exporting jobs basically? >> what these corporate interests and wealthy americans do is hide spending in give them a check? we would is a no way. in the tax code, nobody is really examining that. >> bill: exact. >> special tax -- well, mortgage interest deductions for second homes. not just a first home. i will tell you, a big one is the fossil fuel subsidy. i am talking about oil a
we could end the sequester today by adopting cuts but in the tax codes, the tax breaks, the tax credits that are loaded up in the tax code that go mostly to the wealthiest americans. you are talking about getting rid of the tax benefits or loophole? >> that's exactly right. >> give me an example of this. is there enough money there? >> absolutely enough money to over $1.2 trillion over 10 years. we could get it, for example, from the corporate deferral on-shore profit did...
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turned into a celebratory mood they were happy that the parliament had not passed this bill imposing a tax on their deposits as far as what goes on the street at the moment it's rather the initial panic really happened over the weekend when that announcement was made from brussels that they will be tax of people were lining up. try to get the money out and yesterday i was talking to some locals who were trying to get some money off the a.t.m. some had run out of cash and this morning when i actually tried to. water they had given me a handful of change and apologizing that they have run out of five euros and ten euro notes because the banks were close so the banks will remain closed today and tomorrow and this will pose a problem in terms of cash flow for the locals the u.k. government as we know it already sets about one million euros in cash to their troops who are here in cyprus just to keep the cash go away now on the bigger level of economic a level if the banks do remain closed this will pose a problem an economy does hit a substantially on the banking sector and there's already been
turned into a celebratory mood they were happy that the parliament had not passed this bill imposing a tax on their deposits as far as what goes on the street at the moment it's rather the initial panic really happened over the weekend when that announcement was made from brussels that they will be tax of people were lining up. try to get the money out and yesterday i was talking to some locals who were trying to get some money off the a.t.m. some had run out of cash and this morning when i...
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without a tax hike, that drove us far into the red. but other numbers are more horrifying, roughly 800 americans lost limbs, many tens of thousands of more are fighting ptsd, dealing with traumatic brain injury, and the iraqis are still suffering. the wave of bombings in iraq marked the tenth anniversary. dozens died. this was last week, a bloody reminder of the human cost since march 19, 2003, when the first u.s. bombs fell. in the wake of 9/11, president bush and secretary of state colin powell made the case that saddam hussein was set to use weapons of mass destruction. the u.s. invasion was easy, but the mission was not accomplished by that may, even though some insist today u.s. forces did succeed. war planner douglas fife. >> saddam was in fact an extremely dangerous guy. >> martin dempsey. >> today we have in iraq a partner, not an adversary. >> reporter: but 2003 to 2008 was a nightmare of roadside bombs and civil war. a hard lesson. >> we went into iraq without a real plan for how to stabilize the place afterwards. >> reporter
without a tax hike, that drove us far into the red. but other numbers are more horrifying, roughly 800 americans lost limbs, many tens of thousands of more are fighting ptsd, dealing with traumatic brain injury, and the iraqis are still suffering. the wave of bombings in iraq marked the tenth anniversary. dozens died. this was last week, a bloody reminder of the human cost since march 19, 2003, when the first u.s. bombs fell. in the wake of 9/11, president bush and secretary of state colin...
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which could have affected the nearly all bank accounts in the country and to the tax could have reached nearly ten percent when it came to counts exceeding one hundred thousand euros russia holds a billions of euros in cyprian bank accounts earlier officials including the president said that such measures would be clear expropriation of funds and voiced deep concern about the situation. in cyprus itself the bailout proposal was a scene with mass anger and widespread protests across the whole country since its economies based on foreign money and the poor just were similar to what we've seen in other troubled e.u. zone members like for to go and greece. ok you go thank you do you have to leave it at that so you can offer our tape reporting live from moscow well arty's test has been following events in cyprus she reports now from nicosia. well there was clearly a certainly a lot of opposition to going into the a vote that the parliament had made opposition coming from the people as well as politicians voicing how is this kind of a position from brussels from the e.u. ministers of the i.m.
which could have affected the nearly all bank accounts in the country and to the tax could have reached nearly ten percent when it came to counts exceeding one hundred thousand euros russia holds a billions of euros in cyprian bank accounts earlier officials including the president said that such measures would be clear expropriation of funds and voiced deep concern about the situation. in cyprus itself the bailout proposal was a scene with mass anger and widespread protests across the whole...
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Mar 20, 2013
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so they could have taxed it at 13%. they have, like our federal deposit insurance company, they have guarantees up to 100,000 euros. why not tax problem kids and not every day folks. >> it could come to that. the vote that failed was above 20,000 euros. >> then you violate -- >> it gets the percentage a little bit high if you only restrict it to 100,000. there's not enough revenue in the economy outside the banking system to do what needs to be done to maintain bailout support. that's the point here. the question is, the european bailout masters, are they going to say we're going to take a hard line and let cyprus be the fist first to exits? >> at home, the fed moves, i guess as expected. >> very much at expected, maintaining their policy of buying $85 billion worth of assets, downgrading the outlook a little bit. not too much. it's been a apparent -- pattern. they're leery it will fall off, especially because of the quest transportation and government -- sequestration and the government being a headwind. >> that appear
so they could have taxed it at 13%. they have, like our federal deposit insurance company, they have guarantees up to 100,000 euros. why not tax problem kids and not every day folks. >> it could come to that. the vote that failed was above 20,000 euros. >> then you violate -- >> it gets the percentage a little bit high if you only restrict it to 100,000. there's not enough revenue in the economy outside the banking system to do what needs to be done to maintain bailout...
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Mar 20, 2013
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not the taxes. no corporate or individual income taxes and a franchise tax that tops out at 1%. the great state of texas is definitely attractive. >> building a business is tough, but i hear building a business in california is next to impossible. see why you should come to texas. cheryl: joining me now is former aide to texas governor, craig casselberry. if the governor's message, is it being effective in texas? >> you know, i think it is. we know our formula here has been for many years. i have been around a long time in this state. i think companies, their employees, families, they like that message. it is working. that is why we lead the company and job creation for the last few years. cheryl: many california companies have left the state of california and got down to texas because the costs of doing business is so much lower. you have that corporate tax, you know, that nugget that really brings people in. if you look at the debt station in each state, california does not control its debt. what is texas doing that california needs to do? >> we have a balanced budget amendmen
not the taxes. no corporate or individual income taxes and a franchise tax that tops out at 1%. the great state of texas is definitely attractive. >> building a business is tough, but i hear building a business in california is next to impossible. see why you should come to texas. cheryl: joining me now is former aide to texas governor, craig casselberry. if the governor's message, is it being effective in texas? >> you know, i think it is. we know our formula here has been for many...
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Mar 20, 2013
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and his determination to stand up for the american tax payer and for the american homeowner as well. he does so against a command is pressure for those who'd like to look at these enterprises as her is her own piggy banks, if you will. he plans to continue the process of transitioning some of the credit exposure outside to the private sector. so everyone can agree, i think, that having over 90% of the housing market back by the federal government is completely unsustainable. i believe the changes will allow us to examine new approaches and better ways to facilitate private sector involvement. ..
and his determination to stand up for the american tax payer and for the american homeowner as well. he does so against a command is pressure for those who'd like to look at these enterprises as her is her own piggy banks, if you will. he plans to continue the process of transitioning some of the credit exposure outside to the private sector. so everyone can agree, i think, that having over 90% of the housing market back by the federal government is completely unsustainable. i believe the...
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especially the weight of tax increases. >> it's negative for economic growth overtime. global economy, we compete, with many other nations. part of the competition is taxes. >> conservative critics argue big government fools itself to thinking taxing and spend willing make the economy grow. >> it assumes you take money from the economy right pocket and put in the left pocket and manualicly you more money. >> administration defenders, though, look at it differently. >> under normal circumstances, you don't want the government intervening. in the circumstances where we have the weak demand this is a good time for the government to step in. >> even though who want to spend less would increase spending at lower rate. >> bret: house lawmakers vote down budget proposals as an alternative to g.o.p. plan put forward by paul ryan. senators approved a stop gap spending plan. continuing resolution to keep the government funded after the end of the month. senate has, now it heads to the house. amendment to force the president to reinstate white house tours fail today. mixed message
especially the weight of tax increases. >> it's negative for economic growth overtime. global economy, we compete, with many other nations. part of the competition is taxes. >> conservative critics argue big government fools itself to thinking taxing and spend willing make the economy grow. >> it assumes you take money from the economy right pocket and put in the left pocket and manualicly you more money. >> administration defenders, though, look at it differently....
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Mar 20, 2013
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it reduces tax revenues, it reduces productivity. so i think it's very, very important that we act to address unemployment, and i think the federal reserve, i think most people would agree, the federal reserve has been fairly active in that regard. in terms of costs, there are a number of different costs, and i mentioned some of them in my remarks. i think one that has recently been discussed, governor stein brought it up in a speech, is the issue of financial stability. clearly, financial instability, if it were allowed to be sufficiently serious, would be a threat to employment, a threat to jobs, and a threat to production. so, obviously, given the experience of the past few years, we want to be sure that we're not unnecessarily encouraging excessive risk taking or other problems in the financial markets. we do address that through a number of means, including monitoring the financial system, regulation supervision, communication, and the like. but this is a potential concern that a number of my colleagues are worried about, and it
it reduces tax revenues, it reduces productivity. so i think it's very, very important that we act to address unemployment, and i think the federal reserve, i think most people would agree, the federal reserve has been fairly active in that regard. in terms of costs, there are a number of different costs, and i mentioned some of them in my remarks. i think one that has recently been discussed, governor stein brought it up in a speech, is the issue of financial stability. clearly, financial...
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. >> but no tax increases. >> no tax increases. the president already got $650 billion worth of tax increases january 1st. he got a trillion dollars worth of tax increases in obama care. this year the federal government will bring in more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the end of the year but it is also true the white house put $1.5 trillion worth of spending cuts in their budget. the truth is you're both right. i mean, they have offered spending cuts. the taxes did go up. it still hasn't made enough of a dent. you still have to sit down and do something. >> right. i think we're doing our budget this year. actually we're doing it this week here in the house. our budget will balance in ten years. we're going to pass our budget. hopefully the senate will pass their budget. except their budget never comes to balance. the president
. >> but no tax increases. >> no tax increases. the president already got $650 billion worth of tax increases january 1st. he got a trillion dollars worth of tax increases in obama care. this year the federal government will bring in more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the...
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Mar 20, 2013
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many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the sameumber, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates falling. the ten year treasury just under 2%. federal reserve policymakers beginning their 2-day meeting. my next guest said the fed will has been substantial, don't expect changes anytime soon. that should be music to the ears of most investors. joing us, former federal reserve vice chair princeton economist alan blinder and the author of the book after the music stops. great to have you with us. >> nice to be here. lou: let's start with cypress. this little place, million folks. they're creating quite a mess. $400 billion lt of global markets yesterday. we should blame -- >> multiple of the gdp. i actual
many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the sameumber, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates...
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so if we can clean up the tax code that would be beneficial. second, healthcare issue is a very serious one. medicare costs are coming down but there's a demographic that awaits us. 10,000 folks a day are going on to medicare and it is not just medicare issue. it is a healthcare spending issue in this country that's tough on businesses, tough on individual. so if we can do something to help slow that rate of growth and confidently keep it down, that's beneficial for the broad economy. >> americans were according to polls, americans are strongly in favor of gun can control. recent poll, favor background checks. more than half favor banning assault weapons. over half favor banning large magazines. >> that's the reason i think the president is glad to be away from washington, away from congress. there is a level of dysfunction here. the power in this institution is enormous. it takes away from common sense steps. you have the filibuster. and senator reid felt, as he counted votes, he wouldn't be able to keep the assault ban weapon in the bill and
so if we can clean up the tax code that would be beneficial. second, healthcare issue is a very serious one. medicare costs are coming down but there's a demographic that awaits us. 10,000 folks a day are going on to medicare and it is not just medicare issue. it is a healthcare spending issue in this country that's tough on businesses, tough on individual. so if we can do something to help slow that rate of growth and confidently keep it down, that's beneficial for the broad economy. >>...